No products in the cart.

Name the types of economic system?

CBSE, JEE, NEET, CUET

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

Name the types of economic system?

Posted by Siddharth S 6 years, 6 months ago

CBSE > Class 12 > Economics

1 answers

Siddharth S 6 years, 6 months ago

✓Capitalist economic system: This economic system focus on increasing the profit (or)money resources through factors of production by developing compitent entrepreneurship to satisfy the every changing consumer wants and desires. Eg : USA. ✓Communist economic system: This economic system deals with the factors of production which are used as a common components for public consumption because the communist ideology determines equal distribution of resources to all equally. Eg : RUSSIA. ✓Socialist economic system: This type economic system deals with overall development of the economic and it also ensures existence of public sector and private sector in the economy. Based on socialist democratic principle. Eg : INDIA.

ANSWER

https://examin8.com

Test

Related Questions

Trends in credit availability

Posted by Shruti Singh 1 year, 5 months ago

CBSE > Class 12 > Economics

0 answers

Industrial licensing was used to promote regional equality. Discuss

Posted by Niyati Garg 1 year, 4 months ago

CBSE > Class 12 > Economics

0 answers

What is deficit ?

Posted by Sakshi Singh 4 months, 1 week ago

CBSE > Class 12 > Economics

1 answers

Economics project on function of RBI

Posted by Mehar Ansari 1 year, 5 months ago

CBSE > Class 12 > Economics

0 answers

Two types of marke diagram and explanation

Posted by Rijum Karlo 1 year, 4 months ago

CBSE > Class 12 > Economics

0 answers

why should the aggregate final expenditure of an economy be equal to the aggregate factor payment

Posted by Nandita Sharma 1 year, 5 months ago

CBSE > Class 12 > Economics

1 answers

Economic Reforms Since 1991 notes

Posted by Dipika Sharma 1 year, 4 months ago

CBSE > Class 12 > Economics

0 answers

What is receipt?

Posted by Geeta Gautam 1 year, 4 months ago

CBSE > Class 12 > Economics

0 answers

Explain the limitation of GDP as wellfare

Posted by Naman Jain 1 year, 4 months ago

CBSE > Class 12 > Economics

1 answers

Is inclusive growth Achievable for a developing country like India when exposed to the process of privatisation and globalization

Posted by Niangmuankim Vaiphei 1 year, 4 months ago

CBSE > Class 12 > Economics

0 answers

myCBSEguide App

myCBSEguide

Trusted by 1 Crore+ Students

Test Generator

Test Generator

Create papers online. It's FREE.

CUET Mock Tests

CUET Mock Tests

75,000+ questions to practice only on myCBSEguide app

Google Play

Download myCBSEguide App